Forex Strategy: Holding Short EUR/USD and AUD/USD
I've also entered short AUD/USD at 0.9414, initially targeting a return to 0.9324. A stop-loss will be triggered on a daily close abovethe July 1 high at 0.9504.
In both cases, I will take profit on half of the trade and move the stop-loss to breakeven on the remainder of the position once the first objective is met.
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